Brokerages Set Polaris Inc. (NYSE:PII) Target Price at $104.73

Shares of Polaris Inc. (NYSE:PII) have been assigned an average rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $100.27.

PII has been the topic of several recent analyst reports. StockNews.com raised Polaris from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada dropped their target price on Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a report on Wednesday. Robert W. Baird decreased their price target on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday. Citigroup lowered their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, KeyCorp cut their target price on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, January 12th.

Polaris Price Performance

PII stock opened at $83.81 on Tuesday. The firm has a 50-day moving average of $92.40 and a two-hundred day moving average of $91.41. The firm has a market capitalization of $4.74 billion, a PE ratio of 12.29, a P/E/G ratio of 2.44 and a beta of 1.60. The company has a current ratio of 1.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.46. Polaris has a one year low of $82.00 and a one year high of $138.49.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business posted $2.05 EPS. The company’s revenue was down 20.3% on a year-over-year basis. On average, analysts forecast that Polaris will post 7.94 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Monday, June 3rd. Polaris’s dividend payout ratio is 38.71%.

Institutional Investors Weigh In On Polaris

A number of large investors have recently bought and sold shares of PII. Mitchell & Pahl Private Wealth LLC raised its holdings in Polaris by 12.7% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 8,715 shares of the company’s stock valued at $873,000 after buying an additional 983 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Polaris by 2.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,172 shares of the company’s stock valued at $1,419,000 after acquiring an additional 381 shares during the last quarter. Zhang Financial LLC acquired a new position in shares of Polaris during the 1st quarter valued at about $200,000. Verity & Verity LLC acquired a new stake in Polaris in the 1st quarter worth approximately $37,000. Finally, Louisiana State Employees Retirement System lifted its holdings in Polaris by 2.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company’s stock worth $1,532,000 after purchasing an additional 400 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.